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U.S. Oil Imports, Exports up Last Week

crude oil, UAE-based Indian national sanctioned by US for smuggling Iranian oil.

U.S. crude oil imports and exports increased during the week ending June 23, the U.S. Energy Information Administration (EIA) said in a report released on Wednesday.

U.S. crude oil imports averaged 6.580 million barrels per day (b/d) last week, up by 418,000 b/d from the previous week, while crude oil exports averaged 5.338 million b/d, up by 795,000 million b/d from the previous week, according to the Weekly Petroleum Status Report.

Over the past four weeks, crude oil imports averaged about 6.381 million b/d, up by 0.6 percent from the same four-week period last year.

During the same period, crude oil exports averaged about 3.907 million b/d, up by 21.1 percent year on year.

The United States has been one of the world’s important oil producers in past years with the help of its shale oil production growth.